Machinery/Industrial Goods

Caterpillar profit jumps, shares rally 5%

GregMorcroft

NEW YORK (MarketWatch) -- Caterpillar Inc.
CAT, -0.86%
said on Wednesday that its second-quarter profit rose to $1.70 billion, or $2.54 a share, compared to $1.02 billion, or $1.57 a share a year ago. Revenue at the company rose to $17.37 billion from $14.23 billion. Analysts polled by FactSet Research had expected Caterpillar to earn $2.26 a share on revenue of $16.98 billion. Caterpillar shares jumped 5% in preopen trading following the news.

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